Credit unions could find out as early as this week if they will have a new go-to man in the Senate.
Senate Banking Committee Chairman Christopher Dodd (D-Conn.) is likely to announce this week if he will keep that post or become head of the Health, Education, Labor and Pensions Committee.
Sen. Tim Johnson (D-S.D.) is in line to become chairman of the Banking Committee. He has been supportive of financial institutions, such as credit unions, and is also an ally of credit card companies, many of which have a large presence in South Dakota.
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Johnson, who presided over the confirmation of NCUA Chairman Deborah Matz, was incapacitated for much of 2007 because of bleeding in his brain.
During the 2008 election, CUNA's PAC contributed $6,500 to Johnson's campaign and NAFCU's PAC gave $1,000.
The chairmanship of the Health panel is vacant because of last month's death of Sen. Edward M. Kennedy (D-Mass.) from brain cancer.
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